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Line chart tracking Canada's year over year consumer price inflation rising to 3.0 percent through July 2026.

Canada's annual inflation rate rose to 3.0% in July, up from 2.8% in June, driven almost entirely by a 26% jump in gasoline prices tied to Middle East shipping disruptions. Inflation excluding gasoline held at 2.2% for a third straight month. Second quarter GDP grew at an annualized 3.4%, well above the Bank of Canada's own 2.5% forecast, complicating the case for its next rate decision on September 2 after six consecutive holds at 2.25%.

This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.

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Charts and data on this site are provided for general informational and educational purposes only and do not constitute financial, investment, tax, or legal advice. Each chart reflects the source and period indicated on it and may not represent current market conditions.

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© 2026 The Canadian Index. A public reference library of Canadian financial market charts, updated daily from public market data. See the Legal and Usage Terms page for full disclaimers.